Welcome to Hamilton Wood & Co. We Are One of the UK’s Leading R&D Tax Credit Specialists
We Are Multi-Award-Winners for What We Do.
Here's the deal. We help businesses like yours recover large sums from your historic business projects.
Then through our network of funding partners, we help you access the business funding you need.
Stimulating UK Businesses is why we exist.
Research and Development Tax Credit Relief
This is an extremely generous incentive (provided by the UK Government) that rewards businesses for investing in R&D projects striving to improve/enhance their industry.
There are two types of schemes available depending on the size of your business and our specialist advisors help you claim R&D tax credits safely helping you to optimize your award.
Small-to-Medium sized Enterprises (SME's) can recover Research and Development expenditure costs at a more advantageous rate than a corporate or larger firm, employing over 500 employees. This is not to say that the large companies scheme (RDEC for short) isn't still very rewarding, just that the yield for an SME company is more attractive.
We're R&D tax specialists through and through. We work closely with the UK governments' HMRC to help UK businesses recover substantial sums (between 25-33.5%) of their eligible business/industry improvement investment costs back with an average award for SME's being valued at over £45,000.00.
This return often comes as an almost immediate cash credit but can also be a healthy reduction in corporation tax.
Payable credits are processed in as little as 6 - 9 weeks.
Our R&D tax relief services help your business swiftly and safely optimize your award in a matter of weeks based on your eligible historic project spend.
Who can benefit from an R and D Tax Credit Claim?
No matter the size or sector, if your company is working to resolve scientific or technological uncertainties, investing in seeking development and working on unknown outcomes then you may be carrying out qualifying activity.
Our specialist advisors have a proven track record when it comes to helping companies like yours recover significant sums of money from the central government by way of this type of tax relief.
Our passionate team of advisors will help streamline your recovery of any potential research and development tax relief to help contribute to your business's ongoing success.
We will help manage the recovery process throughout and we ensure the claims process is always a cash-positive exercise for your business.
A typical claim for an SME business is worth over £45,000.00 that can be realized in as little as 6 to 9 weeks.
Government legislation is constantly evolving and so too is the commercial landscape. We help your business stay ahead of the curve.
It is important that each claim is only put forward on the strength of its own merits and that the figures are correct throughout.
Detailed explanations of why a project qualifies are required.
We have seen all too often laypeople not fully attuned to all the particular nuances of this part of government legislation being denied claims.
Thankfully when our experienced R&D Tax team has re-examined the facts behind a claim we have then been able to secure substantial sums that could have been lost for our clients.
- R&D stands for "Research and Development."
- For the purposes of tax, research and development occur when seeking an advance with technology or science, or a combination of the two.
- The relief aspect refers to the tax benefit that your company can realise depending on the class of company you are, size, and turnover.
Our experienced advisers help to distil your project history into a format accepted and approved by HMRC. We make sure that no stone is left unturned and we carefully prepare your claim to ensure we get your business the maximum safe yield under this incentive.
Our service is also fully-indemnified to ensure that your business is protected throughout.
To learn more, read our article 'Research & Development Tax Credits Explained'
An Example of a Research and Development Tax Credit Award
A UK Limited company spent £100k on qualifying expenditure.
They were running at a loss. Through Hamilton Wood & Company they received an immediate cash rebate for £33,350.00 in just 9 weeks.
If you would like to discuss any area of this valuable form of tax relief, call our specialist advisors on 0161 791 1401